The signing took place as part of the Tripartite Summit, between the cities of Auckland, Guangzhou, and Los Angeles, at the Biltmore Hotel in Los Angeles on the afternoon of June 12.

Los Angeles hosted the first of three Summits to commence the implementation of the historic Tripartite Agreement, and facilitated business and trade connections and opportunities for the business community. Mayor Chen of Guangzhou and Mayor Brown of Auckland led high-level government and business delegations to strengthen business ties with Los Angeles. This agreement sets a high bar for new and innovative approaches among city engagements in the global market, while balancing specific economic outcomes for a mutual benefit.

“For over 2,000 years, Guangzhou has been a crucial portal for China’s openness and international trade,” said Xia Zhenyu, Director General of Guangzhou Municipal Commission of Commerce.

EON Reality signed a partnership with ECPG to establish an IDC and an EON Entrepreneur School. The IDC will serve as a platform for innovation, entrepreneurship, and be the creative center for Virtual Reality in Southern China.